Chase Bank Review: Deposit Account Options for Everyone

From savings accounts to credit cards, Chase Bank has it all.

One of the most recognized FDIC-insured banks in America, Chase Bank has more than 5,000 branches and 16,000 ATMs. The famous brick-and-mortar banking giant is the biggest bank in America, followed by Bank of America, with more than $2.2 trillion in assets, according to a March 2018 Federal Reserve report. On top of its size and reach, Chase is known for its variety of products and services.

If you’re interested in switching banks or just curious about what Chase has to offer, take a look at these bank options to help you make your decision.

Click to learn about one of the best banks of the year.

Chase Bank Products and Services

Chase offers a variety of products including five personal credit cards, five different checking accounts and various savings options among other financial services. Keep reading to learn more about these banking options.

Chase Bank Checking Accounts

Chase offers four options for checking accounts, including a Chase banking account tailored for students. In order to apply for a Chase checking account, you need a $25 minimum deposit, unless you apply for the Chase Premier Platinum account, which requires a bigger deposit. Here are details on the four Chase checking accounts:

Chase Total Checking

The Chase Total Checking Account is the most basic account offered and might be right for you. Here are some of the account’s features:

  • $25 minimum deposit
  • Up to $12 monthly service fee
  • Access to Chase QuickDeposit
  • Does not earn interest

See: Which Type of Checking Account Should You Get?

Chase Premier Plus Checking

If you’re looking for a checking account that earns interest, consider the Chase Premier Plus Checking Account:

  • $25 minimum deposit
  • Up to $25 monthly service fee
  • Earns interest
  • Fee waived for counter checks, money orders and cashier’s checks

Chase Premier Platinum Checking

The Chase Premier Platinum Checking has a higher minimum deposit, but few fees:

  • $100 minimum deposit
  • Up to $25 monthly service fee
  • Earns interest
  • No Chase fee on non-Chase ATM transactions
  • No incoming wire transfer fee
  • No extended overdraft fee
  • No stop payment fee

Chase College Checking

For college students who can’t afford monthly fees, consider this account available exclusively to them:

  • $25 minimum deposit
  • Up to $6 monthly service fee; waived with college attendance up to 5 years
  • Must be 17 to 24 years old and proof of student status to activate
  • Chase debit card coverage available

Chase High School Checking

Chase even offers an account special for high school students with features and requirements such as:

  • $25 minimum deposit
  • Up to $6 monthly service fee; waived with linked qualifying personal/guardian account
  • Must be 13 to 17 years old with parent/guardian as co-owner and parent/guardian account linked
  • Account automatically updates to Chase Total Checking account when student turns 19

Must-Read: Best Banks for College Students

Chase Bank Savings Accounts

Savings accounts are a safe place to stash your money and with some accounts, you can earn interest with these accounts. Take a look at the Chase savings account options:

Chase Savings

Here’s information on the standard savings account offered by Chase:

  • Up to $5 monthly service fee
  • $25 minimum deposit
  • 0.00% APY
  • $5 withdrawal fee applied to each withdrawal and transfer from the account over six per monthly period

Chase Premier Savings

Another Chase savings account option is the Chase Premier Savings account, which features:

  • Up to $25 monthly service fee
  • $100 minimum deposit
  • Earn relationship rates when linked to qualifying Chase personal checking account

Read: Should I Open an Online Savings Account?

Chase Bank CDs

Although there is no monthly service fee, there is a higher minimum deposit at $1,000 to open a CD with Chase. CD terms range from one month to 10 years, and CDs have a fixed rate of return.

Chase Bank Pros and Cons

As is the case with every bank, Chase offers both advantages and disadvantages. Chase offers customers both the convenience of walking into your local physical branch to bank as well as accessing all your account information online. Before choosing Chase, evaluate the pros and cons: 

Pros of Chase Bank

  • Four different checking accounts, including unique options for high school and college students
  • Large network of ATMs and local bank branches
  • 24-hours telephone support
  • High quality app and online banking services

Cons of Chase Bank

  • All Chase checking accounts come with a monthly service fee unless you meet certain requirements
  • Low-interest rates for savings accounts

Click through to see the 10 best national checking accounts of the year.

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Editorial Note: This content is not provided or commissioned by the bank advertiser. Opinions expressed here are author’s alone, not those of the bank advertiser, and have not been reviewed, approved or otherwise endorsed by the bank advertiser. This site may be compensated through the bank advertiser Affiliate Program.